By The Numbers: Yuga Labs Breaks Ethereum, Gas Fees Set New ATH

By The Numbers: Yuga Labs Breaks Ethereum, Gas Fees Set New ATH

The Yuga Labs “Otherdeeds” mint on the Ethereum blockchain has set a new record for any NFT launch. Not only did it set the record in terms of revenue but it had also broken records previously set in terms of fees. It was the sole driver of the transaction fee surge on the network which […]


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Yuga Labs Obtains Cryptopunks and Meebits Brands, Gives Commercial Rights to ...

On Friday, Yuga Labs, the firm behind the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection, announced the company acquired the intellectual property behind the Cryptopunks and Meebits brands. Furthermore, after obtaining the IP from Larva Labs, Yuga has decided to give “full commercial rights to the NFT holders.” Bored Ape Creators Yuga Labs Acquires Cryptopunks and Meebits Collections From Larva Labs Last year and during the course of 2022, non-fungible tokens (NFTs) have seemingly become a mainstay within the crypto industry. One of the teams....

Yuga Labs Launches Bored Ape and Mutant Ape Yacht Club Community Council

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Yuga Labs’ Otherdeeds NFT mint triggers backlash from community

Yuga Labs faces accusations of fraud, manipulation and preferential treatment from unhappy community members over Otherdeeds NFT mint. The aftermath of the Otherdeeds nonfungible token (NFT) mint is filled with disgruntled community members voicing their complaints on Twitter over Yuga Labs' handling of the event. The launch of Otherdeeds NFTs gained massive support from the community, selling out almost immediately after it dropped. Because of the high demand, the launch drove up Ethereum gas fees sharply so that users pai from 2.6 Ether (ETH) up to 5 ETH to complete their transactions.....

Bored Ape’s Land Sale Broke Ethereum. Extreme Success Or Roaring Failure?

On Saturday, April 30th, Bored Ape’s creators Yuga Labs broke Ethereum. Their new metaverse-inspired project, Otherside sold plots of virtual land to a roaring crowd of people yelling “Shut up and take my money!” In this case, the currency in question was the recently created ApeCoin. However, since Ethereum hosts ApeCoin and the land NFTs, the roaring crowd needed ETH to pay for the operations’ gas fees.  If you’re familiar with Ethereum, you already know what happened. According to IntoTheBlock’s Lucas Outumuro, “The Bored Ape’s Otherside land sale led to more fees being processed by....